Lahore: Chakwal Spinning Mills Limited has announced that a meeting of its Board of Directors will take place on April 30, 2025, at the company's registered office in Lahore. The primary agenda of this meeting is to review and consider the financial accounts for the period ending on March 31, 2025.
In compliance with the Pakistan Stock Exchange (PSX) rules, the company has declared a "Close period" from April 23, 2025, to April 30, 2025. During this timeframe, no director, CEO, or executive of Chakwal Spinning Mills Ltd is permitted to engage in any direct or indirect dealings in the company's shares. This measure aims to uphold the integrity and transparency of financial disclosures during the sensitive period surrounding the financial review.
According to information available from the Pakistan Stock Exchange (PSX), this announcement serves as a formal notification to the TRE Certificate holders of the exchange, ensuring that all regulatory requirements are met and stakeholders are adequately informed of the upcoming board meeting and the associated trading restrictions.
The announcement underscores the company's adherence to the PSX Rule Book, emphasizing the importance of maintaining fair trading practices and safeguarding against any potential conflicts of interest during the close period.